1950 12th MileWarren, MI 48092

  • Retail properties
  • 1,334 SF
For Sale
$950,000 View listing

Property Details for 1950 12th Mile

Year built
1959
Lot size
0.39 AC
Property size (Sq ft)
1,334 SF
Zone code
MZ
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
12-13-18-101-001
APU
121318101001

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $407,855
    6.5%
    $376,482
    7%
    $349,590
  • Comparable approach

    Method
    Valuation
    Relative Method
    $314,452
    Geo Method
    $314,452
  • Alternative Use

    Use
    Valuation
    Residential
    $317,576
    Hospitality
    $290,898
    Educational
    $242,024
    Medical
    $250,348
    Retail
    $376,482
1950 12th Mile, Warren, Michigan

Location Insight

City
Warren
County
Macomb
State
Michigan
Latitude
42.5049
Longitude
-83.0852
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $160,300
  • Tax year
    2022
  • Tax bill
    $8,629

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